A1 certificates delivered via Suomi.fi in the future
As of 31 October 2023, personal customers who use the Suomi.fi Messages service will receive the A1 certificate granted to them by the Finnish Centre for Pensions via that service.
News
Improved computing service of the recommended confirmed YEL income
The definition for partial ownership is changed when computing the recommended confirmed income under the Self-employed Persons’ Pensions Act (YEL) for a self-employed person. In the future, the turnover is considered only for those companies where the self-employed person has a significant holding.
Research webinar on 20 November 2023: Who work in retirement?
An increasing number of people continue working after retirement. Many do so because they like their work or wish to maintain social relations through the workplace. Others work for financial reasons. Join our research webinar on 20 November 2023 to hear about current research findings on this subject.
Five-per-cent increase to earnings-related pensions
The Finnish Centre for Pensions has sent the final calculation for the 2024 indexes under the Employees Pensions Act to the Ministry of Social Affairs and Health. According to the calculation, both the earnings-related pension index and the wage index rise by more than 5 per cent compared to 2023.
Most persons who draw a partial disabilty pension work – their income is clearly higher than that of persons outside the labour force
A majority of the recipients of a partial disability pension work throughout the entire period of receiving the pension. Public sector employees work more often than do private sector employees or the self-employed. However, every fifth partial disability pension recipient is outside the labour force, as is revealed by a recent research article by the …
Authorities supervise construction sites
Construction sites throughout Finland will be targets of intensified supervision in week 42 when the Finnish Centre for Pensions, the industrial safety authorities and the Finnish Tax Administration carry out joint inspections.
The more debt, the more dissatisfied a pensioner is with their finances
The amount of debt, the income level and health are strongly linked to financial satisfaction of old-age pensioners. Taking the differences in income and wealth into account, the financial satisfaction of pensioners is weaker in Southern Finland than in Eastern and Northern Finland. This is evident in a recent research article by the Finnish Centre for Pensions.
Why has the number of disability pensioners decreased?
The number of disability pension recipients has dropped by more than 25 per cent between 2010 and 2020. For the main part, this is because many of the babyboomers have transitioned from a disability pension to an old-age pension. At the same time, the number of starting disability pensions has declined. This is observed in …
Will you retire soon? Use the calculators at Tyoelake.fi to estimate how the indexes will affect your pension
Are you thinking of whether to claim your pension before the end of this year or to continue working past the turn of the year? Our renewed pension calculators can assist you in your planning. Use the calculators at Tyoelake.fi to assess the effect of the index increase on your pension.
Preliminary information on 2024 indexes: Earnings-related pension index likely to rise slightly more than the wage coefficient
The Finnish Centre for Pensions estimates that the 2024 earnings-related pension index will grow slightly more than the wage coefficient. As a result, a person who retires on an earnings-related pension before the end of 2023 may receive a slightly higher index increment than a person who retires after the turn of the year. A person who considers claiming a pension should also note the impact of continued work, taxation and Kela benefits on their pension amount.